The next Government

[jimmym]

Looks like rules on bankers bonuses will be eased,

 

[TheEarlofPearl]

Looks like rules on bankers bonuses will be eased,

Minister for Finance Paschal Donohoe will seek approval from the Cabinet on Tuesday to allow bailed-out banks to pay bonuses of up to €20,000 and put lenders on a path to free themselves from executive pay restrictions, The Irish Times has established.

He also plans to allow banks to provide executives with non-pay benefits, such as subsidised healthcare, which has effectively been banned since the financial crisis. The three surviving banks, AIB, Bank of Ireland and Permanent TSB, employ more than 20,000 combined.

The surprise development is on foot of a recommendation in the Department of Finance’s long-awaited retail banking review report, which is set to go to the Cabinet tomorrow.

It comes as Mr Donohoe prepares to swap roles with current Minister for Public Expenditure Michael McGrath in less than three weeks. Performance-related bonus payments are likely to be limited as banks seek to avoid driving up costs.

I thought they were clear of BOI at this stage

 

[PROCNA2018]

Minister for Finance Paschal Donohoe will seek approval from the Cabinet on Tuesday to allow bailed-out banks to pay bonuses of up to €20,000 and put lenders on a path to free themselves from executive pay restrictions, The Irish Times has established.

He also plans to allow banks to provide executives with non-pay benefits, such as subsidised healthcare, which has effectively been banned since the financial crisis. The three surviving banks, AIB, Bank of Ireland and Permanent TSB, employ more than 20,000 combined.

The surprise development is on foot of a recommendation in the Department of Finance’s long-awaited retail banking review report, which is set to go to the Cabinet tomorrow.

It comes as Mr Donohoe prepares to swap roles with current Minister for Public Expenditure Michael McGrath in less than three weeks. Performance-related bonus payments are likely to be limited as banks seek to avoid driving up costs.

I thought they were clear of BOI at this stage

I didn't know MMcG and PD were swapping as well?

 

[TheEarlofPearl]

I didn't know MMcG and PD were swapping as well?

I don't think it matters a great deal, they basically just split the role in half. They both work well and would know each others policies.

 

[PROCNA2018]

I don't think it matters a great deal, they basically just split the role in half. They both work well and would know each others policies.

Yea you're right but is it just those 2 and the top 2 then?

 

[jimmym]

Taxpayer to pay 12.5 million bill for toll increases,

 

[Drucker]

Taxpayer to pay 12.5 million bill for toll increases,

Taxpayer to pay bill for €1.9 Billion HSE supplementary budget due to increased cost of Covid in 2022.

 

[PROCNA2018]

Taxpayer to pay 12.5 million bill for toll increases,

Or - let's not increase them.

 

[TheEarlofPearl]

Or - let's not increase them.

Do you even know who is increasing the tolls? It is isn't the government. If you don't want to pay the extra 10c, travel a different route, simples

 

[bluesball]

Tax payers paying for all those living rent free in corporation and council houses.